Yext acquires Hearsay Systems for $125M cash; Q1 revenue $96M, guides FY25 EBITDA $65-67M

Yext, Inc.

Acquires Hearsay Systems for $125M cash, plus up to $75M earnout based on ARR milestones over two years.
Q1 FY25 revenue $96M, non-GAAP EPS $0.05, Adjusted EBITDA $9.6M; all within guidance.
Restructuring reduces ~12% of workforce; expects ~$5M in Q2 costs; FY25 Adjusted EBITDA guidance raised to $65-67M.
Promotes Yvette Martinez-Rea to COO; focus on efficiency and customer success reorganization.
Organic ARR growth expected mid-single digits by FY25 end, accelerating to high-single digits in H1 FY26.

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